2024 Beginner’s Guide to Buying Bitcoin, USDT, and Cryptocurrency in China

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Cryptocurrency has become a global financial phenomenon, attracting millions of new users every year. For many in mainland China, the process of buying digital assets like Bitcoin (BTC) and Tether (USDT) may seem complex due to regulatory restrictions and limited access to international platforms. However, with the right knowledge and tools, Chinese users can still securely participate in the crypto market.

This comprehensive guide walks you through everything you need to know about purchasing Bitcoin and USDT, registering on trusted exchanges, and executing your first trade — all while staying compliant and informed.

Why Buy Bitcoin and USDT?

Before diving into the "how," it's important to understand the "why."

For Chinese investors, these assets offer an alternative way to diversify portfolios beyond traditional RMB-denominated instruments.

👉 Discover how to start your cryptocurrency journey safely today.

Step-by-Step: How to Buy Cryptocurrency in Mainland China

While direct bank purchases of crypto are restricted in China, peer-to-peer (P2P) trading and international exchanges remain accessible options for determined users.

Step 1: Choose a Reliable Cryptocurrency Exchange

Not all exchanges support users from mainland China. The key is selecting a platform with strong security, multilingual support, and P2P functionality.

One of the most trusted platforms among Chinese users is OKX, known for its user-friendly interface, high liquidity, and robust compliance standards.

Step 2: Register an Account

To get started:

  1. Visit the official website or download the OKX app.
  2. Use your email or phone number to create an account.
  3. Complete identity verification (KYC), which enhances security and unlocks higher withdrawal limits.

Even though Chinese regulations restrict crypto trading, many users successfully register by selecting appropriate settings during sign-up. Always ensure you're following current local guidelines.

Step 3: Deposit Funds via P2P Trading

Since direct RMB deposits aren’t supported on most global exchanges, P2P trading is the go-to method:

  1. Navigate to the P2P section on OKX.
  2. Select “Buy USDT” using CNY.
  3. Choose a seller with high ratings and favorable rates.
  4. Transfer RMB via Alipay, WeChat Pay, or bank transfer.
  5. Confirm payment — once verified, your USDT will be released to your wallet.

This process is secure, fast, and widely used across Asia.

Step 4: Trade USDT for Bitcoin or Other Cryptos

Once you have USDT in your wallet:

  1. Go to the spot trading page.
  2. Search for BTC/USDT trading pair.
  3. Enter the amount of Bitcoin you want to buy.
  4. Place your order — market or limit — depending on your strategy.

You now own Bitcoin!

👉 Start trading Bitcoin and USDT with low fees and high security.

Key Tips for Safe Crypto Trading in China

Security should always come first when dealing with digital assets.

Frequently Asked Questions (FAQ)

Can people in mainland China legally buy Bitcoin?

While Chinese authorities have banned financial institutions from offering crypto-related services and restricted mining activities since 2021, individual ownership of cryptocurrency is not explicitly illegal. Many residents continue to hold and trade crypto through offshore exchanges using P2P methods.

Is it safe to use P2P trading to buy USDT?

Yes, P2P trading on major platforms like OKX is generally safe, especially when using escrow protection. Always check seller ratings, trade history, and avoid deals outside the platform.

What payment methods can I use to buy USDT in China?

Most P2P platforms accept Alipay, WeChat Pay, and Chinese bank transfers. These allow seamless RMB-to-USDT conversions without needing foreign bank accounts.

How do I withdraw money after selling Bitcoin?

After selling BTC for USDT, you can either:

Always follow anti-fraud best practices during withdrawals.

Do I need to pay taxes on crypto gains in China?

China does not currently enforce capital gains tax on individual crypto holdings, but tax regulations may evolve. It's wise to keep records of transactions for potential future reporting requirements.

Can I access OKX from within China?

Yes, OKX remains accessible via its website and mobile apps. Users often download the app through alternative app stores or direct APK files (for Android). For iOS users, creating a non-Chinese Apple ID allows access to the App Store version.

Expanding Your Crypto Knowledge

Beyond buying Bitcoin and USDT, consider exploring:

Each of these areas builds upon foundational skills like secure wallet management and understanding blockchain technology.

Final Thoughts: Start Small, Learn Fast

Entering the world of cryptocurrency doesn’t require large investments or technical expertise. With just a smartphone and internet connection, anyone in mainland China can begin building a digital asset portfolio.

By choosing trusted platforms, following security protocols, and learning continuously, you position yourself at the forefront of financial innovation.

👉 Join millions of users already trading smarter on a leading global exchange.

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Note: This article is for educational purposes only and does not constitute financial advice. Always conduct independent research before making investment decisions.